The importance of limited liability


Lesson 1 Lesson 2 Lesson 3 Lesson 4 Lesson 5 Lesson 6 Lesson 7 Lesson 8 Lesson 9 Lesson 10 End of Unit Test


Lesson Objectives

  • Understand the principles of limited and unlimited liability (C)
  • Be able to explain the differences between different types of company (B)


Starter (10 mins)

Play Bug Match!


Key Words (5 mins)

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Information (5 mins)


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Task (30 mins)

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Using this site fill in the table below(you can make a copy or download it)

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Plenary (10 mins)

Discuss with a partner which kind of businesses the following should be.

Bouncy Party - a bouncy castle business which hires equipment, owns 12 castles and 1 van, has 1 member of staff employed on 0 hours contract
Acorn Print - a printing business which owns £500,000 worth of equipment, rents £300,000 of equipment and rents premises. They have 9 full time staff, some of whom have worked there in excess of 10 years.
Picturesque - A photography studio running a Kodak express franchise, has 2 premises and 4 permanent staff as well as photographers contracted on an ad-hoc basis
Beautiful Things - A craft workshop business with no staff, running workshops in a rented unit. Carries a small stock of supplies